Shree Manufacturing Company Ltd share Price Today

Shree manufacturing Company was incorporated in Nov.`76 to take over the assets and liabilities of Indian Copper Corporation (ICCL). ICCL was nationalised in 1972 by the Government of India and ICCL was paid a compensation of Rs 7.50 cr. Initially, the company was engaged in investment business. Subsequently, it set up a spinning mill with 15,840 spindle-capacity for the manufacture of synthetic blended yarn, in the Medak district of Andhra Pradesh. Commercial production commenced in Apr.`84. The Company issued 287000 12% Cumulative Redeemable Preference Shares of Rs. 100/- each to ICICI Ltd., in lieu of outstanding term loan of 2.87 crores on private placement basis. The Company has become a sick company as its accumulated losses exceeded the Net Worth. The company enter into an agreement with SBI,the operating agency for OTC of their dues. During the year 2012-13, M/s.Edge Consultancy Services LLP (Acquirer) acquired 34,72,597 equity shares of Rs.10/- each, representing 62`04% equity stake and voting rights accompanied with effective management control of the company from erstwhile promoters bv entering into Share Purchase Agreement and after complying with the requirements of open offer in terms of Sebi (substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shree Manufacturing Company share price as on 25 Apr 2024 is Rs. 13.81. Over the past 6 months, the Shree Manufacturing Company share price has increased by 72.84% and in the last one year, it has increased by 32.66%. The 52-week low for Shree Manufacturing Company share price was Rs. 7.2 and 52-week high was Rs. 16.24.